Investments
QIA leads $150m round for India’s Byju’s
Indian educational technology developer Byju’s has raised $150 million in a funding round led by Qatar Investment Authority, the sovereign wealth fund of Qatar.
Chinese GPs back Nigeria’s OPay
Nigeria-based online services platform OPay has raised a $50 million funding round with participation by a number of Chinese investors, including IDG Capital, Source Code Capital, Sequoia Capital China, Meituan-Dianping, and GSR Ventures.
TPG affiliate co-leads $25m round for Singapore's Taiger
TPG Capital affiliate PacificBridge Asset Management and MCM Investment Partners, a Hong Kong-headquartered merchant bank and asset manager, have led a $25 million Series B round for Singapore artificial intelligence (AI) start-up Taiger.
2Q analysis: Mixed fortunes
Second quarter analysis: Spin-outs reflect challenges for China fundraising; weak buyout activity continues to hold back Asia PE investment; Korea heads the exit charts as China falls back
SSG pursues recapitalization of Australia’s Retail Food Group
Australia’s Retail Food Group (RFG) has received a A$160 million ($111 million) recapitalization proposal from Asia-focused special situations investor SSG Capital Partners.
Horizons leads $35m round for India fintech player
Horizons Ventures has led a $35 million Series B round for Indian financial technology provider NiYo Solutions with support from Tencent Holdings.
China's Miaoshou Doctor hits $1b valuation
Miaoshou Doctor, a Chinese online healthcare services platform that has expanded into the offline pharmacy space, has completed its extended Series C funding round, having achieved a post-deal valuation of more than RMB7 billion ($1 billion).
OneVentures, AirTree in $15m round for Australia HR platform
Australia’s OneVentures and AirTree Ventures have joined online jobs marketplace Seek in a A$22 million ($15.3 million) Series C round for local human resources platform Employment Hero.
Mitsubishi expands commitment to Go-Jek's Series F
Indonesia-based ride-hailing and online services platform Go-Jek has received a fresh investment of undisclosed size from Mitsubishi Corporation - as well as two other units of the Japanese conglomerate - as part of its ongoing Series F round.
Japanese cooking robot developer raises Series A
Global Brain has led a JPY8.5 billion ($7.8 million) Series A round for Connected Robotics, a Japanese robotics developer that specializes in cooking.
EV Growth leads $14.5m round for Indonesian logistics player
EV Growth has led a $14.5 million Series A round for Indonesian logistics industry technology provider Waresix.
EQT makes $449m offer for Singapore hospital operator
EQT Partners has made a take-private offer for Singapore-listed hospital operator Health Management International (HMI) that values the company at S$611 million ($449 million).
Quadrant set for debut deal from Australia growth fund
Australia’s Quadrant Private Equity has made the first investment from its new growth fund, with an agreement to acquire domestic auction sites Graysonline and AreYouSelling for A$60 million ($42 million).
Indonesian logistics player Ritase gets $8.5m Series A
Ritase, an Indonesian technology provider for the trucking industry, has raised an $8.5 million Series A round led by Golden Gate Ventures.
IFC leads $550m investment in India's L&T Finance
The International Finance Corporation (IFC) has anchored the first tranche of a $550 million investment in L&T Finance Holdings (LTFH), the financial services unit of Indian engineering conglomerate Larsen & Toubro (L&T).
Japanese autonomous driving start-up Tier IV raises $100m
Japanese autonomous driving technology developer Tier IV has raised $100 million in Series A funding from a group of investors including Jafco.
Tencent leads $36m round for Chinese healthcare AI start-up
Synyi, a Chinese artificial intelligence (AI) start-up that targets hospitals, has taken its total fundraising to RMB550 million ($80 million) following a RMB250 million Series C led by Tencent Holdings and featuring Sinopharm Capital.
China VC and US regulation: Defensive positions
Chinese venture capital firms and strategic investors have found their path to US tech start-ups barred by new regulations. It is possible to find a way around, but it requires compromise
Goodwater, Mitsubishi lead Series B for Japan fintech player
US venture firm Goodwater Capital and Mitsubishi UFJ Capital have co-led a JPY1.5 billion ($14 million) Series B round for Japanese financial technology provider Kyash.
Next to buy Australia hospitality equipment business
Australia’s Next Capital has agreed to privatize local hospitality industry equipment provider Silver Chef in a deal worth at least A$27 million ($19 million).
US-India cross-border: Taking the leap
US-India cross-border deals present a tempting opportunity for Indian GPs, but managing investments in another market requires careful use of resources and a level of commitment that not all firms can match
SoftBank invests $250m in India's Ola Electric
SoftBank has invested $250 million in Ola Electric, an electric vehicle (EV) company that spun out from Indian ride-hailing platform Ola earlier this year. The new investment reportedly brings Ola Electric’s valuation to over $1 billion.
Q&A: Gaja Capital's Gopal Jain
Gopal Jain, co-founder and managing partner at Gaja Capital, discusses the growing appetite among US institutional investors for Indian private equity and the country’s attraction for US strategic players
IFC, Corisol lead $70m Series D for India's 1mg
The International Finance Corporation (IFC) and Switzerland-based family office Corisol Holdings have led a $70 million Series D round for Indian online healthcare services platform operator 1mg Technologies.